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BBCNEWS Talking Business June 4, 2024 01:56:00

Investment principles and we promote those strongly, as has the us government the biden administration is promoting that and the g20 s trying to absorb that. japan has been at the forefront of saying, look, we really want lots of countries to be investing in development but let s do it in a quality, transparent way . recently, you made an announcement which shocked or surprised many, and that announcement was that you re going to leave your post as president of the world bank earlier than your 5 year contract. many been asking what prompted that decision? you know, it has been a super busy notjust four years but. you had a tough time! but two years prior in the us government. those difficult years for developments, i ve been working really hard, travelling a lot and so, it made sense for me, personally. and i m proud of the spot that the world bank is in. we ve made lots of personnel changes, alignment that really works and that has been reflected by shareholders. a lot of support a ....

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BBCNEWS Talking Business June 4, 2024 14:48:00

Adapt and improve or upgrade ourselves as human beings. welcome on that point. ourselves as human beings. welcome on that point. a ourselves as human beings. welcome on that point, a real ourselves as human beings. welcome on that point, a real pleasure - on that point, a real pleasure having you on the show. thanks for your time and having you on the show. thanks for yourtime and i having you on the show. thanks for your time and i would love to check in with you soon. you know, the overlapping crisis of the past few years are certainly hit the world but spent most vulnerable countries the hardest and with the global recession things may only get worse. the developing world are sitting on a mountain of debt and rising borrowing costs means paying off that debt is only getting more expensive so how do you have those economies from defaulting? to find out, i sat down with the president of the world bank. a real pleasure having you on the show. let s start with this because your ten ....

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BBCNEWS Talking Business June 4, 2024 14:56:00

Administration is promoting that and the g20 s trying to absorb that. japan has been at the forefront of saying, look, we really want lots of countries to be investing in development but let s do it in a quality transparent way. recently made an announcement - quality transparent way. recently made an announcement which . quality transparent way. recently - made an announcement which shocked or surprised many and that announcement was that you re going to leave your post as president of the world bank. earlier than your five year contract. many been asking, what prompted that decision? you know, it has been a super busy notjust you know, it has been a super busy not just for years but. you know, it has been a super busy notjust for years but. you you know, it has been a super busy not just for years but. . . notjust for years but. you had a tou:h notjust for years but. you had a tough time! notjust for years but. you had a tough time! you notjust for years but. you had a tough tim ....

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MSNBC Way Too Early With Jonathan Lemire June 4, 2024 09:43:00

Russia s invasion of ukraine is exacerbating the damage from the pandemic. the president of the world bank said the war in ukraine, lockdowns in china, supply chain disruptions and the risk of stagflation are hammering growth. and for many countries recession will be hard to avoid. so pretty stark warning, john. stark indeed. lastly, you mentioned target. they had an announcement they re slashing prices even more than anticipated as the year moves forward. but there s a reason behind this. tell us about it. so target is essentially saying we re going to cut prices so we can clear unwanted inventory so that we can restock our stores with back to school supplies and groceries, things that people want to buy. now, all of these actions are as target attempts to combat surging inflation, supply chain pressures. but target said this isn t going to be without cost. they re now anticipating operating margins of 2% for q2, ....

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BBCNEWS World Business Report June 4, 2024 04:34:00

The president of the world bank said many countries will have a hard time affording a recession. even talk about the risk of deepening hunger and famine. in assessing the bull economy, the bank dramatically cut its annual growth forecast to 2.9% from january s ballpoint i%. a big part of it has to do with the war in ukraine. the fallout has really dragged down growth while pushing up the price of commodities. that combination ends up feeling inflation. the price increases we are seeing are being felt by many countries right around the world. the last time the global economy based stagflation was in the 1970s when speak interest rate rises were needed to control inflation. those rate increases sparked a global recession and a string of debt crises in developing economies. the bank is worried history is about to repeat itself and that s why the world bank is calling on governments to act ....

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